Bitdeer Sells 1,506 BTC in August, Reserves Plunge to 61 BTC
BTDR sits 62% above its 52-week low of $6.916 on light trading volume (0.2× avg).
Summary
Bitdeer sold 1,506 Bitcoin in August for about $105 million, leaving only 61 BTC on its balance sheet. The company mined 1,310 BTC during the month, a 249% year-over-year increase, but sold more than it produced, drawing down reserves from 257 BTC. This follows the zero-treasury policy adopted in February 2026, under which Bitdeer liquidates mined Bitcoin weekly. The AI cloud business grew to $86 million ARR, up 13% from July, and the Norway lease remains a major long-term driver. The aggressive selling removes Bitcoin price exposure but also caps upside from any rally. Traders should note the consistent sell pressure and the shift toward AI infrastructure as the core value driver.
At the time of this announcement, BTDR was trading at $11.23 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $6.92 to $27.80. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Crypto Briefing.